Case Brief
The Reserve Bank of India has extended the operation of its earlier All Inclusive Directions issued to Deccan Urban Co-operative Bank Limited, Vijayapura, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive dated February 18, 2021, which was valid up to August 19, 2021, will now continue from August 20, 2021 to February 19, 2022, subject to review. The release states that all other terms and conditions remain unchanged, so the bank continues to operate under the same restrictions.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Vijayapura, Karnataka
- Order Date